Painted Pony Pete Ltd PDPYF

Energy

"Painted Pony Energy Ltd Petroleum explores, develops, and produces petroleum and natural gas. The company focuses on the development of natural gas and natural gas liquids. The company's operations take place near the Montney formation in Northeast British Columbia. The Montney location is a sweet natural gas-saturated zone (natural gas that does not contain hydrogen sulfide or significant quantities of carbon dioxide) with no associated or underlying water. The company also has multiple gas pr

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Painted Pony Pete Ltd

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Comment by righand2on Apr 19, 2017 10:21am

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Post# 26136749

RE:Vote No

MyHoneyPot wrote:

I believe we are better off in the short term without them, and if the share price goes back to 8 or 9 dollars without them we can reduce the massive dilution and buy them with Cash. .

IMHO

I am sick and tired of stupid people harping on the "dilution". PPY bought high-quality assets at rock-bottom prices. Yes, they did issue shares at an uncomfortably low level, but they paid so little for the new reserves that it doesn't matter. If you value the acquired assets at what they are really worth, it is equivalent to them issuing shares at $10.

And to suggest that PPY should wait and buy UGR for cash, just where is that cash suppsoed to come from? Just another stupid comment.

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